MEMORANDUMSeptember 8th, 2021
FiledSeptember 8th, 2021The Facilities and Administrative Costs Rate Agreement (also known as overhead or the indirect cost rate agreement) between UMCES and the Department of Health and Human Services (DHHS) expired June 30, 2012. At such time our rate became provisional while negotiations on the new rate agreement began. Those negotiations, which also include the treatment of our fringe benefits, have now been completed and we have a new F&A Cost Rate Agreement, officially dated October 9, 2012, with the following results: